Category: Credit Tools and Tips

Think Twice About Using Credit Cards to Finance Your Business

Business credit cards help small business owners stay afloat. In one survey, 31% of small business owners said they had used their card to meet capital needs in the last year. The market for small business credit cards is $500 billion, and more credit card companies are working to reach small business owners. If an […]

Why APR on Business Loans Does Not Matter

Small business owners who need to borrow capital often look at the interest rate first when making a lending decision. The interest rate a lender charges represents what you will pay to borrow the funds. In effect, it is the price tag on your loan. If you read an article about small business lending […]

Calculating Your Debt Service Coverage Ratio

Can you make your Payments on a Business Loan? You know that you need a business loan, but can you afford one? Small business owners take out loans for a variety of reasons, from wanting to expand to needing help managing cash flow. Sometimes the reason is urgent, and without the capital your business could […]

Hard Credit and Soft Credit Pulls: What You Need to Know

Hard Pull vs. Soft Pull: How They Affect Your Credit If you’re a small business owner thinking about applying for a loan, you know the importance of a good personal credit score. You might have already applied for a traditional loan and been denied on the basis of your credit score. While you can work […]

What Is The Difference Between Personal And Business Credit?

When you start a new business, even if you have great personal credit, it can be surprising to learn that it’s sometimes difficult to get business loans right off the bat. The reason for this is because personal credit and business credit are different. Though the process of building personal credit and business credit are […]

An Infographic to Understand Bad Credit

When you are a small business owner, you often hear the term “bad credit” and are warned to avoid this phenomenon like the plague. Fortunately for those who cannot avoid it, there are companies like Shield Funding that offer small business loans bad credit without impressive tax returns or lengthy credit checks. Regardless, the questions […]

Getting Business Credit with Bad Credit

The business loan industry has been going through exceptional changes since the financial collapse of 2008. Banks are slowly losing ground in the business loan industry. The reason for these changes stems from the banking industries unwillingness to provide business loans for local businesses. It makes sense how banks would be reluctant to provide credit […]

Weigh Your Options When Deciding on Financial Products

Nowadays, financial products are a dime a dozen, with companies whose primary business does not include financial products are now offering financial services. Take Google, Walmart and Office Depot, for example. These brands are household names. They are, however, not known for their expertise in financial services, but they have started to venture into microloans […]